Kansai Nerolac Paints

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Kansai Nerolac Paints
Type Public company
Traded as BSE: 500165
NSE: KANSAINER
Industry Paint
Founded 1920
Headquarters Mumbai, India
Key people H.M.Bharuka (MD)[1]
Revenue INR23774.3 million (US$380 million)[2]
Profit INR2059.8 million (US$33 million)[2]
Total assets 9986.4 million
Employees 2000 approx.
Parent Kansai Paints Ltd.,Japan
Website Official Website

Kansai Nerolac Paints Ltd (BSE: 500165, NSE: KANSAINER) (formerly known as Goodlass Nerolac Paints Ltd) is largest in industrial paint and second largest decorative paint company based in Mumbai.[3][4][5] It is a subsidiary of Kansai nerolac paints, JAPAN.[6] It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.

History

  • 1920 : It started as Gahagan Paints & Varnish Co. Ltd. at Lower Parel in Mumbai.[7]
  • 1957 : Goodlass Wall Pvt. Ltd. grew popular as Goodlass Nerolac Paints (Pvt.) Ltd. Also, it went public in the same year and established itself as Goodlass Nerolac Paints Ltd. .[8]
  • 1976 : Goodlass Nerolac Paints Ltd.GNP) became a part of Tata Forbes Group on acquisition of a part of the foreign shareholdings by Forbes Gokak. .[9]
  • 1983 : Goodlass Nerolac Paints Ltd. strengthened itself by entering in technical collaboration agreement by Kansai Paint Co. Ltd., Japan and Nihon Tokushu Tokyo Co. Ltd., Japan.[10]
  • 1999 : Kansai Paint Co. Ltd. , Japan took over the entire stake of Tata Forbes group and thus GNP became wholly owned subsidiary of Kansai Paint Company Ltd.[11]
  • 2006 : On 11 July, Goodlass Paint Ltd. name has been changed to Kansai Nerolac Paints Ltd.[12]

Company Overview

Kansai Nerolac Paints has 5 paint manufacturing plants and about 6–7 contract manufacturers. The Nerolac owned plants are at 1. Jainpur (Uttarpradesh) 2. Bawal (Haryana) 3. Lote, Chiplun (Maharastra) 4. Chennai (Tamil Nadu) 5. Hosur (Tamil Nadu)

Kansai Nerolac Paints Ltd. has entered into many technical collaborations with other industry leaders such as E.I. Du-products.[9]

The Mumbai-based company is the leader in the industrial paints segment with a market share of over 40%.[13] It is the third-largest player in the decorative paints segment with a modest market share of 13%. Nearly 75% of the Indian paints industry consists of the decorative segment.[14]

Parent Company

Kansai Paint was founded by Katsujiro Iwai in Amagasaki City, Japan on May 1918.[15] Kansai Paint is a comprehensive manufacturer of paints and coatings. The Products include- Automotive Coatings, Industrial coatings, Decorative coatings, Protective coatings and Marine Coatings.[16] They are also present in U.K., Turkey, U.S.A, Canada, Mexico, UAE.[16]

Products and Services

Technologically innovative products are the company's hallmark. Kansai Nerolac Paint offers differentiated products with a focus on being eco-friendly and healthy.[17] Kansai Nerolac Paint’s key products and brands includes the following:

  • Decorative Paints: Interior wall paints, Exterior wall paints, Wood surface paints and Metals surface paints.[18]
  • Automotive Coatings :Pre-Treatment Chemicals, Electrodepostition. Intermediate Coats/Primer Surfacers, Topcoats, Clear Coats, Touch Up Paints, Auto Refinishing Products, Heat Resistant Paints, Underbody Paints & PVC Sealants & Rapgard Transit Protection Films.[18]
  • Performance Coatings: Performance Coating are available for wide range of products. For household appliances and metal fittings in factories, there is a comprehensive range of general industrial coating systems like P.T. chemicals, Primers and lacquers, Coil Coat, Heat Resistant Paints & Metal Decoration Coatings. Powder Coating is now increasing in popularity because of its high quality, resistance to corrosion, the apparent ease of application and the environmental friendliness of the technology.[18]

Awards and Achievements

  • Golden Peacock Environment Management Award, 2005.[19]
  • Short listed for the Best Managed Company Award from Business Today & A.T. Kearney 2005.[20]
  • Best Vendor Award from customers like Toyota Kirloskar Motors Ltd.(TKML) for Cost and from Maruti Udyog Ltd.(MUL) on overall commendation.[21]
  • Awards for Marketing Initiatives like Cannes 2007 Bronze for Press Ad.[22]
  • Reader's Digest Trusted Brands Gold Awards, 2008.[23]
  • Product of the Year Award 2010 for Nerolac Excel April 2010.[24]
  • Product of the Year Award 2011 for Nerolac Excel Total with Heat-Guard Technology April 2011.[25]
  • Sustainability Award for outstanding contribution by Mahindra & Mahindra – October 2011.[26]
  • Best Vendor Performance Award in Paint Supplier's Category by Honda Motors cycles & scooters at their annual conference 2012.[21]
  • ASAPP Media Information Group – Construction World Magazine Ranked Kansai Nerolac Paints First.[27]

References

  1. ↑ "Indian paint firms on capacity drive; input costs pinch – The Economic Times". Economictimes.indiatimes.com. 21 September 2010. Retrieved 2010-09-26. 
  2. ↑ 2.0 2.1 "BSE Plus". Bseindia.com. Retrieved 2010-09-26. 
  3. ↑ "Paint industry smells a huge opportunity in economic growth | Mint Money". Mintmoney.livemint.com. 7 July 2010. Retrieved 2010-09-26. 
  4. ↑ "About | Kansai Nerolac Paints Limited". Nerolac.com. Retrieved 2010-09-26. 
  5. ↑ "Nerolac Paints to invest Rs 400 cr on expansion". Hindustan Times. 6 May 2010. Retrieved 2010-09-26. 
  6. ↑ "About Kansai Paints, Japan". 
  7. ↑ http://apnaghar.co.in/Business_Associate_Catalog/Paint/aboutus.aspx
  8. ↑ http://www.linkedin.com/company/goodlass-nerolac-paints-ltd.
  9. ↑ 9.0 9.1 http://www.jobstreet.co.in/company/Kansai_Nerolac/aboutus.htm
  10. ↑ http://www.reportjunction.com/CompanyProfile/Kansai-Nerolac-Paints-Limited-K0463.htm
  11. ↑ http://bullscrip.com/kansai-nerolac-ltd-a-paint-for-your-portfolio-to-color/
  12. ↑ http://www.slideshare.net/kinnar32/csr-project-kansai-nerolac-paints-ltd
  13. ↑ http://poweryourtrade.moneycontrol.com/plus/multibagger/multibagger_promo.php?autono=2391
  14. ↑ http://www.bullscrip.com/
  15. ↑ http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3133360/
  16. ↑ 16.0 16.1 http://www.kansai.co.jp/global_site/corporate_profile/02_4.html
  17. ↑ http://articles.economictimes.indiatimes.com/2012-02-06/news/31030595_1_paints-industry-decorative-segment-kansai-nerolac
  18. ↑ 18.0 18.1 18.2 http://www.nerolac.com/high/index.html
  19. ↑ http://www.domain-b.com/companies/companies_g/goodlass_nerolac/20050628_award.html
  20. ↑ http://specials.indiatoday.com/btevent/best-manage.pdf
  21. ↑ 21.0 21.1 http://nitieim19pomb082.blogspot.in/2012/07/a-study-on-kansai-nerolac-paints-limited.html
  22. ↑ http://www.indiamart.com/kansai-nerolac-paints/aboutus.html
  23. ↑ http://www.indiamart.com/kanasi-nerolac-paints/aboutus.html
  24. ↑ http://www.moneycontrol.com/bse_annualreports/5001650312.pdf
  25. ↑ http://www.scribd.com/doc/96796581/Nerolac-KNPL-Report-2011
  26. ↑ http://nitieim19pomb082.blogspot.in/
  27. ↑ http://www.indiainfoline.com/Markets/Company/Fundamentals/Management-Discussions/Kansai-Nerolac-Paints-Ltd/500165
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